American Express

Wells names new chief auditor to replace executive placed on leave

02/06/19

A former audit executive at Citi and Amex, Julie Scammahorn is replacing David Julian, who remains on administrative leave. She will join the bank in April.

[more]

Booming economy means less fee income for credit card issuers

02/05/19

Though banks are generating more revenue from interchange and annual fees, those gains have been offset by declines in income from cash advances and late fees.

[more]

JPM merging payments units; Brit banks worried about consumer lending

01/18/19

The units that handle small business payments and the one for larger firms will be combined; survey shows U.K. consumers may shun loans.

[more]

Amex ratchets up spending in rewards war for premium clients

01/17/19

American Express Co. is pulling out the big bucks to keep its stronghold on premium credit-card users.

[more]

Amex suspends foreign currency boss; Deutsche bonuses may shrink

01/09/19

The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.

[more]

Amex says DOJ, regulators probing foreign-exchange business

10/23/18

American Express Co. said the U.S. Department of Justice and several regulators have sought information on its foreign-exchange international payments business.

[more]

Amex boosts revenue and outlook by attracting smaller businesses

10/18/18

American Express Co.’s quest to be accepted everywhere from the corner bodega to the nail salon down the street is paying off.

[more]

FBI, OCC probe Amex; Former research chief sues New York Fed

09/06/18

The agencies are looking into firm's forex pricing; the Fed is accused of stalling on a novel banking idea.

[more]

Banks network to flag human traffickers

08/20/18

Bank of America and several other large U.S. financial services companies, as part an effort organized by the Thomson Reuters Foundation and Western Union, have published resources to help smaller banks spot signs of forced labor and kidnapping.

[more]

Amex to review allegations that it misled small-business customers

07/30/18

The announcement follows a news report that said it routinely and without notification charged higher rates than it initially quoted.

[more]